14,006 Shares in Snowflake Inc. $SNOW Bought by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 1st quarter, HoldingsChannel reports. The firm purchased 14,006 shares of the company’s stock, valued at approximately $2,112,000.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after acquiring an additional 29,320 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after purchasing an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Snowflake in the second quarter valued at $221,000. Finally, The Manufacturers Life Insurance Company raised its stake in Snowflake by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after buying an additional 1,521 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Up 0.3%

SNOW stock opened at $294.05 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $304.17. The company has a fifty day moving average price of $250.72 and a 200 day moving average price of $197.20. The company has a market cap of $101.92 billion, a price-to-earnings ratio of -83.54 and a beta of 1.35.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. Sell-side analysts expect that Snowflake Inc. will post -1.84 earnings per share for the current year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI adoption is supporting Snowflake’s outlook. A report highlighted AI traction as a factor behind the company’s guidance boost, reinforcing the view that demand for Snowflake’s data and AI platform remains strong. Snowflake recently exceeded quarterly earnings and revenue expectations, with revenue increasing 33.5% year over year. AI Traction Fuels Snowflake’s Guidance Boost
• Positive Sentiment: New enterprise AI partnerships add validation. Cursor named Snowflake one of six Benchmark Partners, alongside AWS, NVIDIA, Databricks, BCG and McKinsey, to help enterprises scale AI software development. The partnership could expand Snowflake’s visibility and potential usage among corporate AI customers. Cursor Launches Benchmark Partners Program
• Positive Sentiment: Some analysts remain highly bullish. Wells Fargo reportedly established an exceptionally high price target, reflecting increased confidence in Snowflake’s AI opportunity and the possibility of further growth. Wells Fargo Sees a Massive Number in Snowflake’s Future
• Neutral Sentiment: Insider selling was conducted under a preset plan. Co-founder Benoit Dageville sold or gifted 66,600 shares but reportedly retained a stake worth approximately $1.27 billion, limiting the transaction’s signal about his long-term confidence. Snowflake Co-Founder Share Transaction
• Negative Sentiment: Valuation is tempering enthusiasm. Commentators argue that Snowflake has “won” the AI debate, but its elevated valuation leaves limited room for execution mistakes. Another analysis suggested the recent rally could be running out of steam, helping explain the stock’s pullback despite favorable AI news. Snowflake Won the AI Argument, the Valuation Still Worries Me Why Snowflake Stock’s Rally May Be Running Out

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on Snowflake from $284.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. UBS Group reissued a “buy” rating on shares of Snowflake in a research report on Monday, June 22nd. Evercore set a $200.00 target price on Snowflake in a research note on Tuesday, April 14th. Sanford C. Bernstein upped their price target on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, May 28th. Finally, Bank of America increased their price target on shares of Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $296.27.

Insider Buying and Selling

In related news, Director Teresa Briggs sold 343 shares of Snowflake stock in a transaction on Monday, July 6th. The shares were sold at an average price of $255.11, for a total value of $87,502.73. Following the transaction, the director directly owned 5,060 shares in the company, valued at $1,290,856.60. This trade represents a 6.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 840 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $257.91, for a total transaction of $216,644.40. Following the completion of the transaction, the director directly owned 26,876 shares in the company, valued at $6,931,589.16. This represents a 3.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,051,274 shares of company stock valued at $496,879,031 in the last ninety days. Company insiders own 4.80% of the company’s stock.

About Snowflake

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.